The Ethereum Foundation transferred 15,000 ETH to a Kraken deposit account, and Vitalik Buterin’s personal address transferred an additional 200 ETH to the exchange. This has spurred suspicion that the price of ETH is poised to collapse as a result of previous selloffs by the foundation, which have frequently coincided with peaks in the ETH price cycle. However, there are no signs of serious market instability, and Ethereum bulls are still vying for the $2,000 barrier. Investors have been withdrawing their ETH from exchanges, and the Ethereum network has seen a boom in whale accumulation. The Ethereum Foundation faces significant costs and is an active participant in the broader crypto ecosystem.It participated in a $10.5 million Series A fundraising round for Skiff last year, and it provides awards to companies that assist expand the Ethereum ecosystem. News Sorce

Despite criticism for several network outages, Solana [SOL] has remained unfazed as it continues to improve its technology. According to Step Data Insights, there has been a huge increase of 150,000 daily active addresses on Solana in the last 24 hours. Furthermore, the entire DEX volume on Solana surged as a result of popular DEXs’ interest in the Solana protocol, such as Sabre. According to Staking Rewards, the number of addresses staking Solana grew by 2.99% in the last week. At the time of publication, the total number of stakeholder on the Solana network was 608,394. Addresses, on the other hand, did not show the same enthusiasm when it came to purchasing SOL. Solana’s price has dropped by 16.08% since April 17th after testing the $26.03 resistance level. Its Relative Strength Index (RSI) was 48.40, indicating that Solana was somewhat overbought at the time of publication. News Sorce

Ethereum, the second-largest cryptocurrency by market capitalization, is once again approaching the $2,000 price threshold. It is currently trading at $1,981.32, representing a 5.7% increase in price and a 24-hour trading volume of more than $10 billion. The current memecoin season, which is taking place on the Ethereum mainnet, is causing fuel fees to grow, resulting in more ETH being burned. Open interest (OI) in ETH is also increasing significantly, with Binance holding the most with 1.27 million, accounting for 37.19% of total open interest. This growth in OI indicates that an increasing number of investors are speculating on Ethereum’s future price swings, adding to the current market’s positive sentiment. News Sorce

Sushi is the first decentralized exchange to take advantage of the expiration of Uniswap V3’s Business Source License, introducing concentrated liquidity features over 13 chains and a redesigned user experience on each of the 20 networks. Sui, a Layer-1 blockchain created by ex-Meta personnel, has launched its mainnet, and its governance token is currently selling at $1.30. Sui has raised $300 million, and Alibaba Cloud has struck an agreement with Mysten Labs to assist build the Sui ecosystem. News Sorce

According to a research report released on May 1 by the blockchain marketing firm Guerilla Buzz, 35.8% of the top 1,000 cryptocurrency projects have yet to publish a single blog entry for the year 2023. More than two new articles have been posted in 49.7% of these 1,000 projects. The research process was “straightforward” and “labor-intensive,” with researchers manually checking the websites of the top 1,000 crypto projects to see if they had blogs. The study discovered that, with 59 new articles published in 2023, Binance’s BNB Chain was the undisputed leader in blogging. CardanoADAtickers came in second with 12, followed by Polygon MATICtickers in second place with 36 new posts. Although Medium is the most well-liked blogging platform for cryptocurrency projects, it might not be the best option for businesses looking for long-term growth. News Sorce

A staggering 3.35 million Ordinal inscriptions and a brand-new experimental token standard called “Bitcoin Request for Comment,” or BRC20, have been recorded on the Bitcoin blockchain as of May 3, 2023. By utilising the Ordinals protocol, BRC20 tokens make it simple for creators to mint fungible crypto assets onchain. As a result, the mempool of Bitcoin currently has over 200,000 unconfirmed transactions in backlog. With the ordi market cap hovering over $52 million, the $OG$ market cap at $7.9 million, and the PEPE BRC20 coin’s market valuation resting at $8.3 million, the BRC20 token economy has experienced quadruple-digit gains. A contentious discussion about whether fungible tokens and non-fungible token (NFT) concepts built on BTC justify confirmation alongside financial transactions has been reignited by the rise of BRC20s and Ordinal inscriptions. News Sorce

Today’s session saw gains for Polygon (MATIC) and Solana (SOL), with MATIC/USD reaching a high of $0.9925. With MATIC at a price of $0.9813, the relative strength index (RSI) hit a long-term ceiling of 40.00. Earlier in the day’s session, SOL/USD declined to a low of $21.36, which is not far from its long-term support level of $21.00. In the ensuing hours, bears are probably going to try to force a breakout, which will enable SOL to get closer to $20.00 in the days to come. News Sorce

On May 2, 2023, at block height 787,895, the hashrate of Bitcoin reached 491.15 EH/s, a record-breaking value. This is equivalent to 500 quintillion hashes per second, or close to half a zettahash. However, April has seen slower block intervals, resulting in a mempool backup. As the network gets ready for the upcoming difficulty change, Bitcoin has reached an all-time high of 491 EH/s, or nearly half a zettahash. With 107.66 EH/s, Foundry USA leads the field of mining pools, closely followed by Antpool (80.75 EH/s), F2pool (42.62 EH/s), Binance Pool (29.91 EH/s), and Viabtc (23.18 EH/s). News Sorce